Vice President Joe Biden today told a crowd of re-election campaign donors on Ft. Worth, Texas, that the best way to sum up President Obamas first term in shorthand is with nine succinct words: Osama bin Laden is dead and General Motors is alive.

The comment came at the end of 40-minute speech during which Biden outlined the administrations economic agenda and vision for a second term and rattled off a lengthy, sometimes rambling litany of accomplishments since 2009, according to the print pool reporter in the room.

So folks, the best way to sum up I think where we are today  when I was asked the other day, someone gave me this line. The best way to sum up the job that President Obama has done  and by the way, he committed wed be out of Iraq. We are out of Iraq, completely out of Iraq, he said. But the best way to sum up the job the President has done if you need a real shorthand: Osama bin Laden is dead and General Motors is alive.

The Obama campaign has made the killing of bin Laden a signature foreign policy and national security talking point and has increasingly sought to promote the resurgence of the American auto industry in the wake of an Obama-backed, government-funded bailout as a heroic move.

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